West Coast - CREDIT Ratings

• Security Code: 500444
• Company: WSTCSTPAPR

West Coast Paper Mills Ltd has informed BSE that Credit Analysis & Research Ltd., has assigned the following ratings to the various facilities of the Companies-

1. External Commercial Borrowings of USD 105 Million from ICICI Bank Ltd. led syndicate — 'CARE A+'(Single A Plus]

2. Fund & non-fund based working capital limits of Rs 165.50 Crores — 'PR1+ [PR One Plus]' for short-term facilities and 'CARE A+'(Single A Plus] for long facilities.

3. Redeemable Non-convertible Debentures of Rs 65 Crores — 'CARE A+'(Single A Plus].

Further, Company has surrendered 'CARE A+' [Single A Plus] rating for Redeemable Non-convertible Preference Shares, as Securities & Exchange Board of India [SEBI] has not permitted listing of privately placed Redeemable Non-convertible Preference shares.